Insight
North Sea upstream: 5 things to look for in 2024
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
A UK general election is expected in 2024, with future of the upstream sector central to the political debate on energy security. The long-term impact on the UKCS could be significant. In contrast, Norway will continue to underpin energy supply within Europe. Total investment will remain broadly flat, despite record levels of development in Norway and a pipeline of potential projects in the UK. Deal activity should also pick up. Exploration in Norway could return to levels not seen since 2015 and COP28 and the UK emissions consultation will impact decarbonisation across the North Sea.
Table of contents
-
Executive summary
- 1. UK general election puts North Sea's future on the line
- 2. Sanctioned investment will fall but production will hold up
- 3. Exploration wells to watch in the Barents Sea and Southern Gas Basin
- 4. UK gets tougher on emissions, but electrification still faces headwinds
- 5. M&A will continue to recover in 2024
- What to look for in 2024 – a regional upstream series
Tables and charts
This report includes 5 images and tables including:
- FIDs and investment sanctioned by year
- 2024 North Sea wells to watch
- West of Shetland electrification potential
- North Sea upstream emissions
- North Sea value traded and deal count
What's included
This report contains:
Other reports you may be interested in
Insight
Asia-Pacific upstream: 5 things to look for in 2018
In 2018, the Asia-Pacific upstream sector will await decisions on key events that will set up the region for rebuilding and growth.
$1,350
Insight
Australasia upstream: 5 things to look for in 2020
What will 2020 look like for the Australasian upstream sector? We assess the key plays and big moves that will impact the industry
$1,350
Insight
Canada Upstream: 5 things to look for in 2017
Producer optimism, infrastructure progress and carbon policy will make 2017 another interesting year for Canada's upstream sector
$1,350
